AN ACT TO AUTHORIZE AND DIRECT THE STATE TREASURER TO TRANSFER TO THE CURRENT FUND OF THE LORD BALTIMORE SCHOOL DISTRICT, NO. 28, A CERTAIN SUM OF MONEY APPEARING IN THE STATE TREASURY AS THE DEBT SERVICE ACCOUNT TO THE CREDIT OF SAID SCHOOL DISTRICT NO. 28.
WHEREAS, there is in the State Treasury in the Debt Service Account to the credit of Lord Baltimore School District, No. 28, the sum of Five Thousand Eight Hundred Thirty-six Dollars and Thirty-seven Cents ($5,836.37), which said sum was raised by local taxation in said school district for the purpose of paying expiring bonds, theretofore issued by the said School District, together with accrued interest thereon ; and
WHEREAS, the said fund is no longer needed for the purpose for which it was raised; and
WHEREAS, the said fund is greatly needed by the said School District for the purpose of improvements to buildings and equipment; therefore
BE IT ENACTED BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF DELAWARE IN GENERAL ASSEMBLY MET:
Section 1. That the State Treasurer be and he is hereby authorized and directed to transfer to the current fund of the Lord Baltimore School District, No. 28, the sum of Five Thousand Eight Hundred Thirty-six Dollars and Thirty-seven Cents ($5,836.37) appearing in the State Treasury as the Debt Service Account to the credit of the said School District, No. 28.
Section 2. That the said sum so transferred, as provided for in Section 1 of this Act, shall be used by the said School District for improvements to school property and/or equipment upon
warrants drawn on said fund by the proper officer or officers of the Board of School Trustees of the Lord Baltimore School District, No. 28, and the State Treasurer is hereby authorized and directed to pay, from time to time, out of the said fund, such warrants.